Alcoa (NYSE:AA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Alcoa (NYSE:AA - Get Free Report) had its price target hoisted by stock analysts at BMO Capital Markets to $43.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm presently has a "hold" rating on the industrial products company's stock. BMO Capital Markets' target price would suggest a potential upside of 8.66% from the company's current price.

A number of other equities analysts also recently issued reports on AA. Argus raised Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded Alcoa from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Jefferies Financial Group cut their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised their price objective on shares of Alcoa from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, UBS Group lifted their price objective on Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Alcoa currently has an average rating of "Moderate Buy" and an average target price of $46.36.

Alcoa Trading Up 1.7 %

Shares of Alcoa stock traded up $0.66 on Friday, hitting $39.57. 4,476,661 shares of the company traded hands, compared to its average volume of 3,241,707. Alcoa has a 52 week low of $24.86 and a 52 week high of $47.77. The stock's 50 day moving average price is $40.70 and its 200-day moving average price is $37.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.34. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company earned ($1.14) EPS. The business's revenue was up 11.6% compared to the same quarter last year. As a group, analysts expect that Alcoa will post 0.93 earnings per share for the current year.

Insider Activity

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of the business's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total value of $1,009,335.43. Following the transaction, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. The trade was a 29.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Alcoa

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Alcoa by 3.4% during the second quarter. American Century Companies Inc. now owns 152,737 shares of the industrial products company's stock valued at $6,076,000 after buying an additional 5,011 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Alcoa in the second quarter valued at approximately $635,000. Federated Hermes Inc. lifted its stake in shares of Alcoa by 389.0% during the second quarter. Federated Hermes Inc. now owns 72,903 shares of the industrial products company's stock valued at $2,900,000 after acquiring an additional 57,995 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Alcoa by 22.7% in the 2nd quarter. Moors & Cabot Inc. now owns 14,487 shares of the industrial products company's stock valued at $576,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Alcoa by 17.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,426 shares of the industrial products company's stock valued at $1,090,000 after buying an additional 4,102 shares during the period.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.